Sink or swim? Whether to strategically default on a home loan [FARM letter version]
loading...
loading...
As homeowners are being consumed by the negative equity trend inverting the value of their assets, the number of people choosing to walkaway from their underwater properties is on the rise. Those choosing to walkaway or strategically default (read: voluntarily default on their home loan when they have the means to pay) account for nearly one out of every four defaults in California today.
End of free preview
The rest of this content is only available to first tuesday Members. If you are a current first tuesday Member, please login above.
Not a current Member? For only $29.50, our Annual Membership includes access to:
- the first tuesday journal;
- over 350 first tuesday real estate forms;
- over 35 FARM letters; and
- a 16-book reference library and more!
To sign up, visit firsttuesday.us!
loading...
loading...
About The Author
ft Editorial Staff
is the writing staff comprised of legal editor Fred Crane, In-House Broker Consultant Fernando Nunez and writer-editors Connor P. Wallmark, Giang Hoang-Burdette, Jeffery Marino, Carrie B. Reyes, Sarah Cantino, Matthew Taylor and Matthew Shade.
![cover-pic-21[1]](http://firsttuesdayjournal.com/wp-content/uploads/cover-pic-211-106x75.jpg)
